Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. CECO Environmental (CECO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
CECO Environmental is a member of the Industrial Products sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CECO Environmental is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CECO's full-year earnings has moved 32.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CECO has moved about 28.4% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 20.5% on average. This shows that CECO Environmental is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Helios Technologies (HLIO), has outperformed the sector so far this year. The stock's year-to-date return is 51.7%.
Over the past three months, Helios Technologies' consensus EPS estimate for the current year has increased 10.3%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CECO Environmental belongs to the Pollution Control industry, a group that includes 5 individual companies and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have gained 8.9% this year, meaning that CECO is performing better in terms of year-to-date returns.
Helios Technologies, however, belongs to the Manufacturing - General Industrial industry. Currently, this 41-stock industry is ranked #61. The industry has moved +10.4% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on CECO Environmental and Helios Technologies as they attempt to continue their solid performance.
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